Establishes $4 billion program with goal to reduce petroleum consumption by 25%, with research and production incentives for alternative energy and more energy efficient technologies
Funded by tax of 1.5% to 6% (depending on oil price per barrel) on producers of oil extracted in California. Prohibits producers from passing tax to consumers.
Source for Popular Vote data: California Secretary of State. Statement of Vote 2006 General Election November 7, 2006, California Secretary of State (http://vote.ss.ca.gov/Returns/prop/00.htm) (accessed 13 Jan 2007)